Zobraziť v EDS

Fiscal pressure, carbon emissions and economic growth: Evidence from China.

Uložené v:
Podrobná bibliografia
Názov: Fiscal pressure, carbon emissions and economic growth: Evidence from China.
Autori: Chen S; School of Finance and Economics, Fuzhou Technology and Business University, No. 1 Xueyuan Road, Geling Town, Yongtai County, Fuzhou City, Fujian Province, 350715, China. Electronic address: sijia.chen971021@gmail.com.
Zdroj: Journal of environmental management [J Environ Manage] 2025 Nov; Vol. 394, pp. 127331. Date of Electronic Publication: 2025 Sep 17.
Spôsob vydávania: Journal Article
Jazyk: English
Informácie o časopise: Publisher: Academic Press Country of Publication: England NLM ID: 0401664 Publication Model: Print-Electronic Cited Medium: Internet ISSN: 1095-8630 (Electronic) Linking ISSN: 03014797 NLM ISO Abbreviation: J Environ Manage Subsets: MEDLINE
Imprint Name(s): Original Publication: London ; New York, Academic Press.
Výrazy zo slovníka MeSH: Economic Development* , Carbon*, China ; Climate Change
Abstrakt: Competing Interests: Declaration of competing interest The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
Against the backdrop of rising global public debt and the escalating climate crisis, this study addresses the complex challenge Chinese local governments face in balancing economic growth and carbon reduction under fiscal pressure. While previous research often examined the relationships between fiscal pressure, carbon emissions, and economic growth in isolated pairs, this study fills a critical gap by analyzing their interactions within a unified framework using a panel vector autoregression (PVAR) model on data from 30 Chinese provinces from 2008 to 2021. The findings indicate that, in the short term, fiscal pressure reduces emissions by curbing high-carbon industries but also constrains economic growth. In the long run, fiscal imbalances worsen due to environmental governance costs and debt accumulation. Additionally, resource-based regions exhibit weaker fiscal-environmental resilience, highlighting the urgency of economic structural transformation. These insights provide critical evidence for formulating policies that balance short-term growth with long-term sustainability, highlighting the need for a stable policy framework that integrates carbon controls into fiscal incentives and strengthens market-based tools such as carbon pricing and green finance.
(Copyright © 2025 Elsevier Ltd. All rights reserved.)
Contributed Indexing: Keywords: Carbon emissions; Economic growth; Fiscal pressure; PVAR model
Substance Nomenclature: 7440-44-0 (Carbon)
Entry Date(s): Date Created: 20250918 Date Completed: 20251108 Latest Revision: 20251108
Update Code: 20251108
DOI: 10.1016/j.jenvman.2025.127331
PMID: 40966873
Databáza: MEDLINE
Popis
Abstrakt:Competing Interests: Declaration of competing interest The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.<br />Against the backdrop of rising global public debt and the escalating climate crisis, this study addresses the complex challenge Chinese local governments face in balancing economic growth and carbon reduction under fiscal pressure. While previous research often examined the relationships between fiscal pressure, carbon emissions, and economic growth in isolated pairs, this study fills a critical gap by analyzing their interactions within a unified framework using a panel vector autoregression (PVAR) model on data from 30 Chinese provinces from 2008 to 2021. The findings indicate that, in the short term, fiscal pressure reduces emissions by curbing high-carbon industries but also constrains economic growth. In the long run, fiscal imbalances worsen due to environmental governance costs and debt accumulation. Additionally, resource-based regions exhibit weaker fiscal-environmental resilience, highlighting the urgency of economic structural transformation. These insights provide critical evidence for formulating policies that balance short-term growth with long-term sustainability, highlighting the need for a stable policy framework that integrates carbon controls into fiscal incentives and strengthens market-based tools such as carbon pricing and green finance.<br /> (Copyright © 2025 Elsevier Ltd. All rights reserved.)
ISSN:1095-8630
DOI:10.1016/j.jenvman.2025.127331